EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
NZD/USD close to reach an offer zone
During the last few days, NZD/USD has been recovering from the broad-based weakness seen in the week, now consolidating gains slightly above the 50 SMA at H1 chart. As the pair already found resistance in the Fibonacci level of 50% at 0.6974, we could expect another leg higher towards the 61.8% Fibo zone at 0.6992, where the 200 SMA is located. If Kiwi touches such area, then we can expect a drop to test the 0.6841 level, where lies the Fibonacci level of -23.6%.
RSI indicator stays in the neutral territory.
Felipe Erazo
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